Wednesday, Sep 19, 2012

Statement Regarding Potential Sale of AEG

LOS ANGELES – Councilmember Paul Krekorian, chairman of the city’s Budget and Finance Committee and one of the earliest skeptics of a proposed plan to build a new stadium in Downtown Los Angeles, released the following statement on the potential sale of AEG:

“Reports that Anschutz Entertainment Group (AEG) may be sold have validated my insistence that the city slow down the express train of stadium enthusiasm and require ironclad financial safety measures to protect taxpayers. At my urging, fortunately, those protections are now included in the proposal, and the City will not be left holding the bag regardless of any changes in AEG’s ownership or financial condition.

“I will continue to press aggressively, as I have throughout this process, to get real answers about the long-term consequences of this proposal in terms of traffic, air quality and many other environmental impacts, and to also ensure that the public has the greatest opportunity possible to consider the issues and weigh in. If those concerns are not adequately met, I will not support this project.”

Download the full release by clicking here.
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Posted at 4:23 PM